FINAL OS SC Mtg Minutes 2018-06-12.pdf

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their fine point review of the revolving funds revealed that not only are the funds doing better,but they are being looked at and being managed. The following vote was then taken: ACTION 2018#46 Moved(DeLuca) and seconded(Leone) VOTE: To approve the FY 19 Revolving Fund Budget,as presented VOTE: 9 members in room at time of vote Weighted Vote present:75.32% Weight needed: >37.66% Names of towns opposing or abstaining: none Final percentage results of vote: 75.32% Final status of the vote: Unanimous (with 9 present) b. Student Activity Accounts Mr.Mahoney explained that the requirement to self audit was recommended in the recent Management Letter. To comply,this list of Student Activity Accounts was being reported to the School Committee with a request to approve the list. He explained that these are active accounts, and attempts are being made to locate class officers to gain approval to close out the accounts or to transfer the funds. It was suggested that it would be helpful to see balances and activity in these accounts; this will be provided at the next meeting. The following vote was then taken: ACTION 2018#47 Moved(DeLuca) and seconded(Leone) VOTE: To approve the Student Activity Accounts, as presented VOTE: 9 members in room at time of vote Weighted Vote present: 75.32% Weight needed: >37.66% Names of towns opposing or abstaining: none Final percentage results of vote: 75.32% Final status of the vote: Unanimous (with 9 present) c. Budget Transfers Mr. Mahoney explained the details of the proposed budget transfers,noting that they have been reviewed by the Finance Subcommittee. In response to the question of whether there were any surprises,he noted the interest on the building project, the freezing of$120K to offset a deficit in the fall due to the scheduling, and the unanticipated transportation funds due to compliance with the McKinley-Vento Act for homeless students. The following vote was then taken: 4